First Vice President / VP, Treasury Settlement

Technical Skills

Job Description

First Vice President / VP, Treasury Settlement

Location: Hong Kong

Responsibilities

-Supervise and manage a team of 6 to 7 subordinates; provide staff coaching and performance evaluation. -Oversee and manage the day-to-day operations of back-office processing, life-cycle events, clearing and settlements of Treasury Products including but not limit to FX, MM, Fixed Incomes, Repo / Reverse Repo, and OTC Derivatives.-Ensure the completeness and correctness of the back-office operations processes comply with HKMA/Regulatory standards and internal approved P&P -Participate and liaise with various internal / external stakeholders / partners for the launch of new products / new business; resolving any operational, settlement and system issues where applicable.-Supervise and manage SWIFT / RTGS / PVP payments, Central Clearing with Clearing Agents / CCPs, Euroclear / Clearstream and CMU instructions within the delegated authority.-Review management reports, regulatory and compliance reports for Treasury related business produced by team members to ensure correctness and comply with regulatory and compliance requirements.-Participate and take lead in various projects relating to Treasury Settlement, provide user requirements, and conduct UAT where applicable, undertake any other ad hoc projects as assigned.-Design and provide training on new workflows and procedures to team members for new products / business as well as new system functionalities.-Formulate and review operational policies & procedures, ensure enforcement and adherence to the bank� guidelines and regulatory requirement.-Handle the implementation of new and revised procedures, systems to drive process improvement and operational efficiency.-Establish and implement proper internal controls and procedures for managing operational risks; and prepare operational risks control reports for management review. -Keep abreast of market and regulatory changes such as HKTR Trade Reporting, Central Clearing, Margining Rules for non-centrally cleared derivatives etc., and ensure staff are aware

Requirements

-Degree holder or above with good business acumen. -At least 15 years of relevant working experience with strong product knowledge; regulatory requirements and guidelines in Treasury & OTC Derivatives Products; and with a minimum of 5 years at deputy Team Head / Team Head level.-Good knowledge of market best practice and familiar with the Settlement & Confirmation process of Treasury and OTC Derivatives Products, including experience in SWIFT, RTGS, Euroclear / Clearstream, and CMU.-Familiar with ISDA definitions and ISDA confirmations framework, HKTR Trade Reporting, Central Clearing, and other regulatory and compliance requirements for Treasury and OTC Derivatives business.-Capable to lead, drive and deliver projects relating to Settlements, Confirmations and Regulatory requirements for Treasury and OTC Derivative Products. -Detail-oriented, numerical and careful, presentable, professional, and a team player. -Strong drive and commitment, hardworking, excellent ability in problem solving, able to perform under pressure and deliver on schedule. -Ability to quickly take on duties / responsibilities and adapt to new working culture, environment / platforms for the business as required.-Good command of written and spoken English, Chinese and Putonghua.-Good leadership, communication & interpersonal skills to cultivate and build a strong team; able to negotiate, persuade, & influence for desirable results.-Good knowledge in PC application (Words & Excel).